Element Fleet Management (TSE:EFN) Hits New 52-Week High at $26.64

Shares of Element Fleet Management Corp. (TSE:EFN) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$26.64 and last traded at C$26.53, with a volume of 18996 shares changing hands. The stock had previously closed at C$26.44.

Analyst Upgrades and Downgrades

EFN has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Element Fleet Management from C$26.00 to C$28.00 in a report on Thursday, May 16th. TD Securities boosted their price objective on shares of Element Fleet Management from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. CIBC boosted their price objective on shares of Element Fleet Management from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Scotiabank upped their target price on shares of Element Fleet Management from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Finally, National Bankshares increased their price objective on shares of Element Fleet Management from C$31.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Element Fleet Management has a consensus rating of “Moderate Buy” and a consensus price target of C$28.50.

Element Fleet Management Stock Up 0.9 %

The company has a market capitalization of C$10.37 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.97 and a beta of 0.83. The business’s 50 day moving average is C$24.73 and its 200 day moving average is C$23.15. The company has a debt-to-equity ratio of 315.13, a quick ratio of 5.70 and a current ratio of 8.32.

Element Fleet Management (TSE:EFN) last posted its earnings results on Tuesday, May 14th. The financial services provider reported C$0.36 EPS for the quarter, beating analysts’ consensus estimates of C$0.31 by C$0.05. Element Fleet Management had a net margin of 23.30% and a return on equity of 12.40%. The company had revenue of C$353.83 million for the quarter, compared to analysts’ expectations of C$333.85 million. Sell-side analysts anticipate that Element Fleet Management Corp. will post 1.5226286 earnings per share for the current year.

Element Fleet Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.12 per share. The ex-dividend date was Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.80%. Element Fleet Management’s dividend payout ratio (DPR) is presently 39.67%.

Insider Buying and Selling

In other Element Fleet Management news, Director George Keith Graham sold 25,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$24.70, for a total value of C$617,500.00. In other Element Fleet Management news, Director George Keith Graham sold 25,000 shares of Element Fleet Management stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$24.70, for a total value of C$617,500.00. Also, Senior Officer William Sutherland acquired 4,000 shares of Element Fleet Management stock in a transaction dated Tuesday, June 18th. The stock was purchased at an average cost of C$24.90 per share, for a total transaction of C$99,594.00. Over the last three months, insiders purchased 5,550 shares of company stock valued at $132,034 and sold 68,974 shares valued at $1,716,749. Corporate insiders own 0.23% of the company’s stock.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.